Insider Selling: Solid Power, Inc. (NASDAQ:SLDP) CTO Sells 187,500 Shares of Stock

Solid Power, Inc. (NASDAQ:SLDP) CTO Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $1.07, for a total transaction of $200,625.00. Following the transaction, the chief technology officer now owns 869,720 shares of the company’s stock, valued at $930,600.40. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Joshua Buettner-Garrett also recently made the following trade(s):

• On Monday, October 7th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.26, for a total value of $236,250.00.
• On Tuesday, September 10th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The stock was sold at an average price of $1.21, for a total value of $226,875.00.
• On Monday, August 19th, Joshua Buettner-Garrett sold 187,500 shares of Solid Power stock. The shares were sold at an average price of $1.42, for a total transaction of $266,250.00.

Solid Power Stock Down 3.8 %

SLDP opened at $1.02 on Friday. Solid Power, Inc. has a twelve month low of $1.02 and a twelve month high of $2.35. The firm has a 50 day moving average price of $1.25 and a 200-day moving average price of $1.54. The stock has a market capitalization of $182.54 million, a price-to-earnings ratio of -2.08 and a beta of 1.74.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SLDP. Needham & Company LLC dropped their target price on shares of Solid Power from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Wolfe Research began coverage on Solid Power in a research note on Thursday, September 5th. They set an “underperform” rating and a $1.00 target price on the stock.

Institutional Investors Weigh In On Solid Power

Hedge funds have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new stake in shares of Solid Power in the first quarter worth $634,000. Vanguard Group Inc. grew its stake in shares of Solid Power by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 7,298,206 shares of the company’s stock valued at $14,815,000 after purchasing an additional 944,162 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Solid Power during the 1st quarter valued at about $31,000. Bank of New York Mellon Corp lifted its stake in shares of Solid Power by 23.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 577,634 shares of the company’s stock worth $953,000 after purchasing an additional 108,847 shares during the period. Finally, Silver Lake Advisory LLC purchased a new position in shares of Solid Power in the second quarter worth approximately $69,000. 33.66% of the stock is currently owned by hedge funds and other institutional investors.

About Solid Power

Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sells its sulfide-based solid electrolyte; and licenses its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.